Critics refute assets claim by ‘Orwellian’ Shell | Climate News Network
▻http://www.climatenewsnetwork.net/2014/07/critics-refute-assets-claim-by-orwellian-shell
By Alex Kirby
The world’s biggest oil company has been accused of ‘doublethink’ in claiming that its fossil fuel assets will continue to be highly profitable and in demand, while recognising the need for decisive action on climate change.
London, 9 July 2014 − Is investment in fossil fuels a prudent bet? For some time, critics have been warning major oil and gas companies that their reserves could soon be worthless if the world acts decisively on climate change.
The world’s biggest oil company, Shell, recently insisted that its reserves would remain in demand and would continue to sell at a profit, and that no global climate agreement would damage its profits.